Arab Today, arab today foreign trade crucial to uae
Last Updated : GMT 20:33:57
Arab Today, arab today
Arab Today, arab today

Foreign trade crucial to UAE

Arab Today, arab today

Arab Today, arab today Foreign trade crucial to UAE

Dubai - Arabstoday

Foreign trade in the UAE, particularly in Dubai, will inevitably continue to be a major source of economic growth, according to a latest study conducted by the Dubai Economic Council, or DEC. Because of the dualistic nature of the UAE economy, such as oil exports from Abu Dhabi and non-energy exports from Dubai, the delineation of the UAE and Dubai trade structure and patterns are important. Dubai has specially benefitted immensely from its strategic geographical location and it has also developed a world-class transportation and logistics network aimed at promoting Dubai as a leading hub of international trade, the policy research added. “Effective participation in international trade has enabled the economy of Dubai to diversify and grow. However, improving its competitive capacity, building a resilient strong economic base, and profiting from the opportunities provided by fast-changing global markets require a comprehensive trade policy to address some of the issues inherent in its trade structure and patterns,” the study suggested in a statement released on Saturday. The study reveals that foreign trade is important for small open economies to provide expanded demand for its exports and raise productivity of domestic firms engaged in foreign trade activities. Also important for technology adoption, thereby, increasing production capabilities of domestic economy. Dubai not only accounts for significant non-energy exports in the UAE, but also dominates its re-exports and import activities. Dubai’s exports and re-exports appear to be concentrated, both in terms of product space and partners. The emirate’s export and re-exports are concentrated on goods with low technological content and with little linkages with the rest of the economy. Dubai is heavily concentrated in structure and patterns of its foreign trade. Major exports (80 per cent) comprised of three groups of goods (semi-precious stones and jewellery and base metals (63 per cent), base metals (10 per cent) prepared foodstuffs (seven per cent) and light and heavy manufacturing negligible. The exports cater to Indian market. Major re-exports are also concentrated, 47 per cent semi-precious and jewellery (mainly to India and Switzerland), 16 per cent vehicle, machinery and equipment (to GCC countries, with Saudi Arabia dominating). Similarly, Dubai imports also concentrated in structure and patterns. Semi-precious stones and jewellery (34 per cent), sources from India, vehicle, equipment, machinery and electronics (28 per cent) from the OECD and China.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign trade crucial to uae Arab Today, arab today foreign trade crucial to uae

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today foreign trade crucial to uae Arab Today, arab today foreign trade crucial to uae

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Italy regions back 'big bang' autonomy

GMT 07:10 2017 Monday ,23 October

Italy regions back 'big bang' autonomy
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Trump: End of Daesh is in sight

GMT 20:29 2017 Monday ,23 October

Trump: End of Daesh is in sight
Arab Today, arab today Maltese demand justice for murdered

GMT 06:08 2017 Monday ,23 October

Maltese demand justice for murdered
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Lost Australia diver swam miles

GMT 19:09 2017 Monday ,23 October

Lost Australia diver swam miles
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla to build wholly-owned plant

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today EU raids automaker BMW

GMT 11:06 2017 Saturday ,21 October

EU raids automaker BMW
Arab Today, arab today Rogina happy for reactions to “The Flood”

GMT 09:30 2017 Friday ,20 October

Rogina happy for reactions to “The Flood”
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:07 2017 Sunday ,22 October

15,000 Under Fives Die

GMT 12:54 2017 Saturday ,21 October

Malaysia Airlines picks new CEO

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday